-1.49%
5.67%
10.62%
25.92%
20.73%
28.91%
156.78%
AI Spotlight on BYD
Company Description
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company.It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South.As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
It also engages in owning and operating a travel agency.The company was founded in 1975 and is headquartered in Las Vegas, Nevada.
Market Data
| Last Price | 76.65 |
| Change Percentage | -1.49% |
| Open | 77.8 |
| Previous Close | 77.81 |
| Market Cap ( Millions) | 6775 |
| Volume | 1087301 |
| Year High | 78.17 |
| Year Low | 49.34 |
| M A 50 | 73.44 |
| M A 200 | 63.01 |
Financial Ratios
| FCF Yield | 7.80% |
| Dividend Yield | 0.89% |
| ROE | 29.23% |
| Debt / Equity | 235.02% |
| Net Debt / EBIDTA | 325.55% |
| Price To Book | 4.32 |
| Price Earnings Ratio | 14.08 |
| Price To FCF | 12.83 |
| Price To sales | 1.76 |
| EV / EBITDA | 9.47 |
News
- Jan -17 - Will Boyd (BYD) Beat Estimates Again in Its Next Earnings Report?
- Jan -10 - Funds Bet On Apple, Google And This Tesla Rival To Kick Off 2025
- Jan -06 - Here's Why Investors Should Retain Boyd Gaming Stock Now
- Jan -06 - BOYD GAMING TO REPORT FOURTH-QUARTER, FULL-YEAR 2024 RESULTS, HOST CONFERENCE CALL AND WEBCAST ON FEBRUARY 6
- Jan -02 - BOYD GAMING DONATES MORE THAN $200,000 IN 2024 'TREES OF HOPE' AND 'WREATHS OF HOPE' COMPETITIONS
- Dec -05 - BOYD GAMING ANNOUNCES ADDITIONAL $500 MILLION SHARE REPURCHASE AUTHORIZATION
- Dec -03 - Boyd Gaming: I'm Raising My $78 Price Target To $90 On Bullish Signs Ahead
- Dec -01 - Boyd Gaming: Virginia Project Prolongs Solid Momentum (Rating Upgrade)
- Nov -11 - These 3 Stocks Account for Close to 90% of Warren Buffett's $36 Billion Selling Spree in the September-Ended Quarter
- Nov -04 - Chinese Electric Vehicle Stocks Rise as Deliveries Jump in October
- Oct -25 - Boyd Gaming's Q3 Earnings & Revenues Beat Estimates, Stock Up
- Oct -24 - Boyd Gaming Corporation (BYD) Q3 2024 Earnings Call Transcript
- Oct -24 - Boyd (BYD) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
- Oct -24 - Boyd Gaming (BYD) Q3 Earnings and Revenues Surpass Estimates
- Oct -24 - BOYD GAMING REPORTS THIRD-QUARTER 2024 RESULTS
- Oct -23 - Casino And Sports Betting Stocks Are Due For Positive Sentiment Due To Macro Growth
- Oct -22 - Unveiling Boyd (BYD) Q3 Outlook: Wall Street Estimates for Key Metrics
- Oct -01 - BOYD GAMING TO REPORT THIRD-QUARTER 2024 RESULTS, HOST CONFERENCE CALL AND WEBCAST ON OCTOBER 24
- Sep -30 - Large BYD Recall Could Help Tesla
- Sep -30 - BYD recalls nearly 97,000 Dolphin and Yuan Plus EVs in China over fire risk concerns
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Midwest & South
Expected Growth : 0.8 %
What the company do ?
The Midwest and South segment of Boyd Gaming Corporation includes casinos in Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, and Ohio.
Why we expect these perspectives ?
Midwest & South segment of Boyd Gaming Corporation, with 0.8% growth, is driven by increasing tourism in regional markets, steady gaming revenue, and strategic marketing initiatives. Additionally, the segment benefits from a loyal customer base, efficient operations, and a strong brand presence, contributing to its moderate growth.
Segment n°2 -> Las Vegas Locals
Expected Growth : 0.9 %
What the company do ?
Las Vegas Locals is a loyalty program by Boyd Gaming Corporation, offering rewards and benefits to frequent visitors of their Las Vegas properties.
Why we expect these perspectives ?
Boyd Gaming's Las Vegas Locals segment growth of 0.9% is driven by increasing visitation and gaming spend from locals, supported by a strong local economy, low unemployment, and rising consumer confidence. Additionally, Boyd's focus on enhancing the gaming experience, improving amenities, and targeted marketing efforts have contributed to the segment's growth.
Segment n°3 -> Online
Expected Growth : 1.2 %
What the company do ?
Boyd Gaming Corporation's Online segment includes online gaming and sports betting operations, offering a range of casino games and sports wagering products.
Why we expect these perspectives ?
Boyd Gaming Corporation's online segment growth of 1.2% is driven by increasing adoption of online gaming, strategic partnerships, and expansion into new markets. Additionally, investments in digital marketing and user experience enhancements have improved customer engagement and retention. Furthermore, the company's focus on mobile gaming has capitalized on the growing trend of mobile-first gaming, contributing to the segment's growth.
Segment n°4 -> Downtown Las Vegas
Expected Growth : 0.7 %
What the company do ?
Downtown Las Vegas is a revitalized entertainment district from Boyd Gaming Corporation, offering a vibrant atmosphere, restaurants, and casinos.
Why we expect these perspectives ?
Boyd Gaming's Downtown Las Vegas segment growth of 0.7% is driven by increasing visitation and length of stay, fueled by the area's revitalization efforts, new entertainment options, and improved amenities. Additionally, the company's focus on customer loyalty programs and targeted marketing initiatives have contributed to the growth.
Segment n°5 -> Managed & Other
Expected Growth : 0.9 %
What the company do ?
Managed segment includes Native American casinos and racetracks, while Other segment consists of Borgata, our 50% owned joint venture, and Valley Forge Casino Resort.
Why we expect these perspectives ?
Boyd Gaming's Managed & Other segment growth of 0.9% is driven by increased management fees from Ameristar Casino Hotel Kansas City and Belterra Park, as well as higher revenue from its travel agency and interactive gaming businesses. Additionally, the company's focus on cost savings initiatives and operational efficiencies also contributed to the segment's growth.
Boyd Gaming Corporation Products
| Product Range | What is it ? |
|---|---|
| Casino Gaming | Boyd Gaming Corporation operates a wide range of casinos across the United States, offering a variety of games, including slots, table games, and poker. |
| Hotel Accommodations | Boyd Gaming offers luxurious hotel rooms and suites at its properties, providing guests with comfortable and convenient accommodations. |
| Dining and Entertainment | Boyd Gaming's properties feature a range of dining options, from fine dining to casual eateries, as well as entertainment venues, such as theaters and nightclubs. |
| Sports Betting | Boyd Gaming offers sports betting at its properties, allowing customers to place wagers on various sports and events. |
| Online Gaming | Boyd Gaming offers online gaming platforms, allowing customers to play casino games and place sports bets from the comfort of their own homes. |
Boyd Gaming Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes for Boyd Gaming Corporation is medium due to the presence of alternative forms of entertainment and leisure activities.
Bargaining Power Of Customers
The bargaining power of customers is low due to the lack of negotiating power and the high switching costs associated with changing gaming and entertainment providers.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium due to the presence of multiple suppliers and the moderate level of dependence on these suppliers.
Threat Of New Entrants
The threat of new entrants is high due to the relatively low barriers to entry and the attractiveness of the gaming and entertainment industry.
Intensity Of Rivalry
The intensity of rivalry is high due to the presence of multiple competitors and the high level of competition in the gaming and entertainment industry.
Strength
Weaknesses
Opportunities
Threats
Capital Structure
| Value | |
|---|---|
| Debt Weight | 63.35% |
| Debt Cost | 5.58% |
| Equity Weight | 36.65% |
| Equity Cost | 12.18% |
| WACC | 8.00% |
| Leverage | 172.83% |
Boyd Gaming Corporation : Quality Control
Boyd Gaming Corporation passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| VAC | Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The … |
| CHDN | Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As … |
| MTN | Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment … |
| WYNN | Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, … |
| MGM | MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Boyd Gaming
A-Score
1-Year Total Return ->
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Marriott Vacations Worldwide
A-Score
1-Year Total Return ->
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Vail Resorts
A-Score
1-Year Total Return ->
4
Churchill Downs
A-Score
1-Year Total Return ->
5
Wynn Resorts
A-Score
1-Year Total Return ->
6
